Import Price Index: Computer and electronic product manufacturing for Canada
COCANZ334 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.40
Year-over-Year Change
1.08%
Date Range
6/1/2012 - 12/1/2020
Summary
The Import Price Index: Computer and electronic product manufacturing for Canada measures the change in prices of imported computer and electronic products in Canada. This metric is important for economists and policymakers to assess trade dynamics and competitiveness in this key manufacturing sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Import Price Index for Canada's computer and electronic product manufacturing industry tracks the changes in prices of imported goods in this critical sector. It provides insights into international trade, domestic production costs, and the global competitiveness of Canadian manufacturers.
Methodology
The data is collected through surveys of importing companies and calculated by Statistics Canada.
Historical Context
This index is used by analysts to monitor the impact of exchange rates, tariffs, and other trade factors on the Canadian electronics industry.
Key Facts
- Canada is a major global exporter of computer and electronic products.
- The electronics sector accounts for over 3% of Canada's GDP.
- Import prices can significantly impact the competitiveness of Canadian manufacturers.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Canada's computer and electronic product manufacturing industry tracks changes in the prices of imported goods in this sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into international trade dynamics, domestic production costs, and the global competitiveness of Canadian electronics manufacturers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importing companies and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: Analysts use this index to monitor the impact of exchange rates, tariffs, and other trade factors on the Canadian electronics industry.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Import Price Index: Computer and electronic product manufacturing for Canada (COCANZ334), retrieved from FRED.